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Gal-Ochir is fifty-four years old and lives with her husband and a son in Govisumber province in Southern Mongolia. Her husband is retired and her son goes to the high school. She has worked as a cook, and for the last three years, she has been retailing dairy products and food. She runs a food cart business in summertime. But the income is not sufficient for the family needs and daily living expenses due to the low income and the seasonal nature of the work.

Therefore, she is planning to expand the business to take advantage of the approaching lunar calendar new year festival in Mongolia. Gal-Ochir is a bright woman who says that "I would like to expand my business so that I can earn more for the family and save for my only child's future. I need support to get my supplies".

The total amount she is requesting is 500,000 MNT for the supplies.

Additional Information

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 11
    View loans »
    Mongolia Loans Fundraising
  • $15,445,050
    Funds lent in using Kiva
  • 1,320.0
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $400 helped Gal-Ochir to purchase more dairy products.
100% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Feb 7, 2012
Feb 19, 2012
Currency Exchange Loss:
Jul 17, 2013